Reverse innovation is characterized by ultra low-cost, high quality and universal access to address the needs of deprived population in urban and rural areas of the developing world. Such innovation is “reverse” when it is brought “back” to developed countries such as the US. The concept of reverse innovation potentially applies to all industries, from telecommunications and transportation, through education, to health care.
Nathan Cutler is second year student in International Affairs and Environmental Studies with a minor in Latin America Studies. Currently he is doing an international Co-op in Bolivia, Cochabamba in Fundación Pro Hábitat, an NGO which strives to improve the wellbeing of impoverished people by housing, legal paperwork and legal advocacy. However, his social work started at LIFT-Boston, a social advocacy organization that works to empower people lacking economic opportunities. Since the beginning Nathan was interested in empowering immigrants and less fortune people. Although he is currently in Bolivia he had some time to talk with me about his magnificent work in Cochabamba.
Impact investing has recently become one of the most utilized methods to effect social change in the developing world. Many organizations worldwide invest in socially minded businesses, with the intention of generating social and financial returns. One such organization is Invested Development, an impact investment management firm that focuses on […]